Connecticut

The Regional Plan Association recommends congestion pricing, infrastructure banks, public benefit corporations, a regional rail system and an end to 24-hour New York subway service.

Thomas Hamilton, Scott Jackson and Jay Nolan will join the nascent board that will intervene in and assist with municipal distress cases.

It's the second try for Connecticut's capital city, which last year fired a contractor over cost overruns and delays.

Treasurer Denise Nappier sees the just-passed spending plan as a roadblock to full funding.

Budget secretary Benjamin Barnes' latest revenue estimate comes two weeks after lawmakers passed a $41.3 billion biennial spending plan.

A commission would examine transferring capital assets to a trust and building asset values to benefit pension plans.

Moody's cited the city's reliance on nonrecurring revenues.

Funding shortfalls, delayed expansion projects, and gridlock threaten the viability of the Amazon bids, according to the Tri-State Transportation Campaign.

The governor's action ends a five-month impasse over the biennial spending plan, though work remains at the state capitol.

Despite relief for Hartford in the recently approved state budget, city leaders will continue to negotiate with bondholders and employee unions.

The House and Senate actions place the ball in the court of Gov. Dannel Malloy, who was sidelined during the negotiations.

The state Senate could bring the spending plan up for a vote that could help end a nearly five-month impasse.

Treasurer Denise Nappier called for sound bond-cap provisions, full funding of ARCs and adherence to a 2008 pension bond covenant.

Few details have emerged yet about a tentative state budget deal that might help the capital city dodge bankruptcy.

Moody's Investors Service placed 29 cities and school districts on review for downgrade.

S&P lowered its outlook to negative, citing constraints from the four-month impasse.

The Connecticut Education Association seeks an injunction, calling the governor's executive-order cuts illegal.

Robert Lamb of Lamont Financial Services is a veteran of municipal turnaround efforts in Connecticut.

The state still lacks a budget as Democratic Gov. Dannel Malloy vetoed a Republican-crafted $40.7 billion biennial spending plan. Meanwhile, capital Hartford spirals toward a possible bankruptcy. Mayor Luke Bronin says increased state aid, bondholder flexibility and labor concessions are all needed to keep the city out of Chapter 9.

The rating agency says Assured Guaranty and Build America Mutual are open to a traditional bond refinancing, not a bond restructuring or a haircut.